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Interpreting exchange rate quotations today you notice the

Question: Interpreting Exchange Rate Quotations Today you notice the following exchange rate quotations:

(a) $1 = 3.00 Argentine pesos and

(b) 1 Argentine peso = 50 Canadian dollars. You need to purchase 100,000 Canadian dollars with U.S. dollars. How many U.S. dollars will you need for your purchase?

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Finance Basics: Interpreting exchange rate quotations today you notice the

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